Apollo Global Management, Inc. reports news tied to its alternative asset management and retirement services businesses. Updates commonly cover operating results, dividends on common and preferred stock, assets under management, investment origination, and activity at Athene, its retirement-services subsidiary.
Company news also includes fund formation and capital raising across Apollo strategies, including hybrid value, structured equity, dislocated liquid credit, private equity, credit, and real assets. Announcements may describe investment activity across funds managed by Apollo, portfolio-company developments, governance, material agreements, and capital-structure matters.
Mubadala Capital announced an investment from Apollo (NYSE: APO), which will acquire a minority equity stake in the asset manager. Apollo will also commit capital across Mubadala Capital’s investment strategies. Additional investors will join as minority shareholders and, together with Apollo, are expected to commit an aggregate of $5 billion to those strategies at initial close.
Mubadala Capital’s core alternatives business manages over $60 billion across five investment strategies. Mubadala Investment Company will remain the majority shareholder. Mubadala Capital will continue operating independently under its own governance structure, with existing management retaining full authority over investments and operations. The transaction is expected to close in the fourth quarter of 2026, subject to regulatory and legal approvals.
UDR (NYSE: UDR) and Apollo (NYSE: APO) intend to form a joint venture holding an apartment portfolio valued at approximately $2.0 billion. Apollo-managed funds and affiliates will invest $1.34 billion in equity for an approximate two-thirds interest; UDR will retain one-third, consolidate the venture and earn an asset management fee.
The portfolio comprises 19 communities with 7,059 homes, average revenue per home of $2,058 and an average age of 39 years. The transaction is expected to imply a capitalization rate of approximately 6.0%. UDR retains an option to repurchase Apollo’s interest at an expected 7.00-7.50% fixed return for a finite period starting at closing’s fifth anniversary. UDR expects earnings accretion and plans debt reduction and investment in higher-growth assets. Closing is expected on October 29, 2026, subject to execution of documentation and customary closing conditions.
Apollo (NYSE: APO) has appointed Ribbit Capital founder Meyer “Micky” Malka to its board of directors, effective January 1, 2027.
The appointment will increase the board to 14 directors. Apollo continues to maintain a two-thirds independent board. Malka is Ribbit Capital’s managing partner and has more than 30 years of experience building and investing in technology and financial services businesses across the US, Europe, Asia and Latin America. He also serves on the board of Robinhood Markets and several private companies.
Athene (ATH) will host a Fixed Income Investor call on November 12, 2026, featuring members of its senior management team. The call begins at 9:00 AM ET and will cover current business trends, new business origination, the investment portfolio, and capital. A presentation, live webcast, and replay will be available at ir.athene.com.
Hub Group (Nasdaq: HUBG) changed its board effective October 1, 2026, following written consent from its controlling shareholders. Yeager family members and related trusts holding a majority of voting power appointed four directors, removed three without cause and adopted amended bylaws. Three other directors subsequently resigned, leaving a seven-member board. Management, strategy and daily operations are unchanged. The board plans to appoint a Lead Independent Director and reconstitute its committees.
Hub Group expects to complete its financial restatement and file delayed reports in the fourth quarter of 2026. Nasdaq initiated delisting proceedings because the 2025 annual report and first two 2026 quarterly reports remain unfiled. Hub Group appealed and received a stay pending the outcome of a hearing scheduled for October 27, 2026; the determination did not immediately suspend trading or delist its Class A shares.
Apollo (NYSE: APO) has expanded Daily Pricing information to additional investors across its credit business, extending coverage beyond investment-grade products. The initiative now covers various direct lending, asset-backed finance, multi-credit and opportunistic credit vehicles across its $850 billion credit business. Asset-level pricing for applicable funds is expected to become available on October 30, 2026.
The expansion follows the July 1, 2026 launch for its Fixed Income Replacement product suite. Complementary initiatives include a partnership with Intercontinental Exchange that has created over 5,000 asset identifiers and a secondary trading desk that has facilitated over $30 billion in trading volume to date. Daily Pricing is an estimated fair value, not a market-clearing price or definitive valuation.
GDEV-backed Relevate Power and Eagle Creek Renewable Energy, backed by Apollo (NYSE: APO) funds, announced a partnership across their small hydropower portfolios.
At the partnership's commencement, Eagle Creek will manage Relevate's run-of-river hydroelectric projects. Relevate's existing local operators will join Eagle Creek, maintaining continuity at each facility. The companies have identified redevelopment and operating opportunities aimed at operational and cost efficiencies, with asset management forming the foundation for a broader relationship.
GDEV expects the partnership to help Relevate expand its platform while reducing overhead. Since GDEV's initial investment in 2024, Relevate also received a $4.9 million Department of Energy grant to improve hydroelectric facility efficiency. GDEV and Apollo previously financed Relevate's acquisition of Gravity Renewables in December 2024.
Apollo (APO) announced that its managed funds completed the acquisition of Nippon Sheet Glass and launched a new management structure. Nippon Sheet Glass operates in architectural, automotive and solar glass. Apollo said the transaction, involving its funds and financial institutions, will strengthen the acquired company’s financial foundation and accelerate investment in its people and technology.
Apollo plans to draw on its investment experience in glass, automotive and manufacturing to help develop the business alongside Nippon Sheet Glass management. Nippon Sheet Glass President and CEO Munehiro Hosonuma said the group’s expertise, brand and core values remain unchanged and that it intends to develop them further. The announcement disclosed no acquisition price or financing amounts.
Apollo (APO) plans to release its third-quarter 2026 financial results on November 3, 2026, before New York Stock Exchange trading opens. Management will review the results in a public webcast at 8:30 a.m. ET, with a replay available one hour later.
Bridge Logistics Properties (APO) has acquired two fully leased industrial facilities in Fremont and Stockton to capture shifting Northern California demand. The Fremont asset at 45101-45169 Industrial Drive totals 198,676 square feet and is fully leased, with Quanta Manufacturing occupying about 90% and Stericycle the balance. Fremont industrial vacancy is about 2%, with Class A below 1%, and Class A-to-B rent and valuation spreads have widened to roughly 40%. In Stockton, BLP bought a 545,836-square-foot cross-dock facility at 1919 Boeing Way, leased to UNFI and Dollar Tree, in a Central Valley market where vacancy has fallen 200 basis points year over year.